The New Mandatory Cooling Off Period Is Coming in January 2023 for Home Buyers
On January 1, 2023, the B.C. government will implement changes to the Property Law Act to make the Home Buyer Rescission Period (“HBRP”),...
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Keith&Jacqueline
- Sep 13, 2022
- 2 min
Getting inflation back to normal
Speech summary Carolyn Rogers - Senior Deputy Governor of the Bank of Canada Speaking a day after the Bank of Canada raised interest...
170
Keith&Jacqueline
- Sep 8, 2022
- 1 min
What are Mortgage Backed Securities (MBS)?
A Mortgage-Backed Security (MBS) is an investment similar to a bond that is made up of a bundle of mortgage loans bought from the banks...
100
Keith&Jacqueline
- Sep 8, 2022
- 1 min
Is Tapering the same thing as Quantitative Tightening?
No. Tapering is the process of reducing the pace of quantitative easing (QE), but the balance sheet is still being expanded, though at a...
80
Keith&Jacqueline
- Sep 8, 2022
- 1 min
How Does the Overnight Rate Affect the Prime Rate?
When the overnight rate is increased by the central bank, it becomes more expensive for banks to borrow money from one another,...
110
Keith&Jacqueline
- Sep 7, 2022
- 1 min
What are Quantitative Easing and Quantitave Tighterning
What is Quantitative Easing? Quantitative Easing (QE) refers to monetary policies that expand the Federal Reserve System (Fed) balance...
80
Keith&Jacqueline
- Sep 7, 2022
- 1 min
What Is Inflation?
Inflation is the rate at which prices for goods and services rise. This can translate to a decrease in purchasing power over time.
140
Keith&Jacqueline
- Sep 7, 2022
- 1 min
What are CPI and Core CPI?
What is CPI? CPI is the Consumer Price Index. This is a measure of the cost of living for the typical person. What is Core CPI? Core...
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Keith&Jacqueline
- Sep 7, 2022
- 1 min
What is the Target Overnight Rate?
The target overnight rate is a key Bank of Canada-controlled interest rate used as a basis for one-day (or “overnight”) borrowing between...
120
Keith&Jacqueline
- Sep 7, 2022
- 1 min
What is the main role and function of the Bank of Canada?
Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. Monetary policy:...
110
Keith&Jacqueline
- Sep 7, 2022
- 2 min
September 2022 - Bank of Canada Rate Announcement
Monetary policy is also further being tightened by the BoC. This is the 5th increase in the overnight rate since March 2022 as the BoC...
50
Keith&Jacqueline
- Jul 13, 2022
- 2 min
July 2022 - Bank of Canada Rate Announcement
The market was expecting a 0.75% increase. The Bank is also continuing its policy of quantitative tightening (QT). The aggressive action...
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Keith&Jacqueline
- Jul 11, 2022
- 1 min
Find The Perfect Mortgage Solution
Have you talked with the bank? Have they played games with you? Have their offers not been the greatest? Whether you’re a...
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Keith&Jacqueline
- Jul 4, 2022
- 1 min
FREE Outdoor Family Movies at The Shipyard Commons
Throw the kids in their jammies and come out for FREE outdoor family movies at The Shipyard Commons this summer! Weekly, Wednesdays from...
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Keith&Jacqueline
- Apr 13, 2022
- 1 min
April 2022 - Bank Of Canada Rate Announcement - 3 Things You NEED TO KNOW
What? The Bank of Canada increased its overnight rate by 0.50% So? This was the biggest one-time increase in 22 years, since 2000, in an...
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Keith&Jacqueline
- Mar 30, 2022
- 2 min
Difference Between Deposit and Downpayment
If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up...
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Keith&Jacqueline
- Mar 23, 2022
- 3 min
Understanding your Employment Status
Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a...
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Keith&Jacqueline
- Mar 16, 2022
- 3 min
Protect Your Credit Through a Divorce
Divorces are challenging as there’s a lot to think about in a short amount of time, usually under pressure. And while handling finances...
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Keith&Jacqueline
- Mar 9, 2022
- 2 min
Mortgage Options for Older Canadians
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of...
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Keith&Jacqueline
- Mar 2, 2022
- 3 min
Getting a Mortgage After Bankruptcy
Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it...
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